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Apr 19, 2013
04/13
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>> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. right now obviously there is a major effort not just ride on the ground in the immediate boston regional area, but now you are looking at the jets' new head, you're looking at the extent to which this was deployed from the outside. and to the extent to which there are supports or a support structure internally your that allow for this attack to take place. connell: two brothers are less to be a part of this, one that was killed and the other that is said to be 19 years old and still at large. you mentioned their background, the fact that there are originally from chechnya. they came here, we think, in 2002 and three, some are in an area. is it possible that they just acted alone? working together as brothers? is it more likely from your experience of the years that they did have some support from the outside, or read my be. >> you know, is suspect gillette to let this point, but if i had to put my chest down on a table i wa
>> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. right now obviously there is a major effort not just ride on the ground in the immediate boston regional area, but now you are looking at the jets' new head, you're looking at the extent to which this was deployed from the outside. and to the extent to which there are supports or a support structure internally your that allow for this attack...
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Apr 19, 2013
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increase, at the payroll tax. so, these issues we have to get through. i don't think they're major but they are headwinds. now we've got a lot of people thinking about what happened last year. down 3% in the second quarter. people wanted to buy in the market started to dip. wait a minute. this may be more significant. the fact of matter, as he have yesterday, 7% of the companies that reported earnings beat estimates. whether the estimates were poor estimate, weak estimates. the fact of the matter as long as data remains relatively, weak, not strong, muddled through the fed will be a long way as way from ending its quantitative easing. the other thing we havv to pay attention to which i think gives us a lot of upside potential is that what's happening in japan is nothing less than significant. and we need to pay attention to the yen. tracy: so let's first finish with the united states because i know you are hot on the yen. you've talked about it last time you were here. that means based on what you're say, second q
increase, at the payroll tax. so, these issues we have to get through. i don't think they're major but they are headwinds. now we've got a lot of people thinking about what happened last year. down 3% in the second quarter. people wanted to buy in the market started to dip. wait a minute. this may be more significant. the fact of matter, as he have yesterday, 7% of the companies that reported earnings beat estimates. whether the estimates were poor estimate, weak estimates. the fact of the...
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Apr 22, 2013
04/13
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cheryl: more tax pain. legislation to boost internet sales taxes. peter barnes is standing by. >> i think the last 20 years, cheryl. this legislation has led to a titanic lobbying battle between brick-and-mortar retailers and many internet retailers led by ebay. it appears that it finally passed congress this year. in part because so many states need the revenue so badly. it means you would be required to collect sales taxes nationwide from no more than 9600 tax jurisdictions across the u.s. for brick-and-mortar retailers, we have an app for that. >> they will provide for software from the states to help small businesses comply. we think that online marketplaces like ebay could also serve this function. therefore, we think it would be reasonably easy for many businesses to comply with this law. peter: states say this legislation could help collect $23 billion. california alone could pull in an extra $4 billion a year. the fight right now is really over an exemption small online retailers. ebay is pushing for an exemption of under 10 million or 50 em
cheryl: more tax pain. legislation to boost internet sales taxes. peter barnes is standing by. >> i think the last 20 years, cheryl. this legislation has led to a titanic lobbying battle between brick-and-mortar retailers and many internet retailers led by ebay. it appears that it finally passed congress this year. in part because so many states need the revenue so badly. it means you would be required to collect sales taxes nationwide from no more than 9600 tax jurisdictions across the...
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Apr 23, 2013
04/13
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10 years through a series of limits on tax breaks, a tax on the banking industry and new estate taxes. now the tpc estimates that 86% of additional taxes in 2015 will be paid by those earning over $200,000. the president's budget proposal plans on also raising the tax on cigarettes. 94 cents more per pack. the tpc says that the higher cigarette tax will affect low and moderate income families as they are more likely to smoke than higher income earners. there you go. i don't smoke but a pack of cigarettes, my gosh. tracy: a lot of money. ashley: a lot of money. tracy: a sneaky way to get more money out of you because they push you to higher brackets quicker. ashley: yeah. tracy: sneaky. a new on line sales tax expected to clear the senate. could it face a tough battle in the house? we'll have details on that next. ashley: a bogus tweet claiming president obama injured in a white house, explosion sending stocks plunging. we have the latest from washington to wall street. first let's take a look at latest winners and losers as we head to break. @ menaced the close, let's go to the f
10 years through a series of limits on tax breaks, a tax on the banking industry and new estate taxes. now the tpc estimates that 86% of additional taxes in 2015 will be paid by those earning over $200,000. the president's budget proposal plans on also raising the tax on cigarettes. 94 cents more per pack. the tpc says that the higher cigarette tax will affect low and moderate income families as they are more likely to smoke than higher income earners. there you go. i don't smoke but a pack of...
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Apr 16, 2013
04/13
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that's like a tax on everything we do. it's not a productive activity. >> i felt it coming into manhattan today. there were more police officers at the bridges and tunnels, people were pulled over on the side of the roads checking cars. took me a long time to get here today because of that. that's out of pocket. >> yeah, it's money. it's time. you spend more time in transitions between home and work, on travel, and think in the past decade of the amount of money this country spent on making people safe. that's an important endeavor in and of itself, but that's not hiring people or investing in new technology. that's not growth. that's a cost. >> after 9/11, or in 2011, we were just on the precipice of the economy turning, and then 9/11 hits. >> 9/11 hits, the recession, people remember that. that was the first of the jobless recoveries. think back. it took a long time. it was during that period we were trying to build a regulatory apparatus to make people safe, a physical app apparatus, and it's not a coincidence we had a
that's like a tax on everything we do. it's not a productive activity. >> i felt it coming into manhattan today. there were more police officers at the bridges and tunnels, people were pulled over on the side of the roads checking cars. took me a long time to get here today because of that. that's out of pocket. >> yeah, it's money. it's time. you spend more time in transitions between home and work, on travel, and think in the past decade of the amount of money this country spent...
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Apr 23, 2013
04/13
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the kind of tax reform we had in 1986 where you eliminate tax references and you lower rates. president obama has tended to be against lowering rates. he wants to raise rates on high income earners. but you've got an interesting situation now. senator, the chairman of the senate finance committee, the ranking democrat now since someone has announced he's not going to run for re-election in 2014. that gives him pretty much a free hand to try to fashion some kind of tax reform if he wants to do it in cooperation with the ranking republican on that committee. i think that it is within the realm of possibility that these two could do that. dave camp, the republican chairman of the house weighs and means committee has been working on the tax reform. we've seen on immigration, the president is leading from behind. he's the opposite of l.b.j. who insisted that congress pass his law without changing a comma. president obama doesn't have much in the way of recommendations. so it's possible, i think, not likely but possible that we could see serious moves towards tax reform. dagen: keep
the kind of tax reform we had in 1986 where you eliminate tax references and you lower rates. president obama has tended to be against lowering rates. he wants to raise rates on high income earners. but you've got an interesting situation now. senator, the chairman of the senate finance committee, the ranking democrat now since someone has announced he's not going to run for re-election in 2014. that gives him pretty much a free hand to try to fashion some kind of tax reform if he wants to do...
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Apr 18, 2013
04/13
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nevermind tax pain, but what gout tax gain? thank you to the tax man. cheryl: tax pain is easy to think of the irs, but coming up, how 24 agency employees scammed the government and taxpayers out of big bucks, and they did it under the boss' nose. that would be uncle sam. looking at the oil contracts before break. we are, again, blow $90 a barrel, 87.52 on oil. take a look at that. ♪ , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll finde good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than
nevermind tax pain, but what gout tax gain? thank you to the tax man. cheryl: tax pain is easy to think of the irs, but coming up, how 24 agency employees scammed the government and taxpayers out of big bucks, and they did it under the boss' nose. that would be uncle sam. looking at the oil contracts before break. we are, again, blow $90 a barrel, 87.52 on oil. take a look at that. ♪ , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere...
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Apr 24, 2013
04/13
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there is 10,000 different tax enties or and taxing units within this country. how do the small business figure out to comply with a law they might have to send sales tax revenue to chief lapped, cuyahoga county, state of ohio? it sounds incredibly complicated and incredibly expensive for that business? >> that talking point comes out of 1992 supreme court decision points out complexity with dealing with all the different tax jurisdictions. in 20th century there is app for that. we think technology can solve most of the problems efficiently and quickly. most online marketplaces like ebay already serve to collect sales tax from their local small, their small sellers online. adam: but ebay is ale opposed to legislation. they want the cap raised to $10 million in sales annually. i'm curious. anyone ever said how much it would cost a business, let's say around 900,000 in revenue to comply or buy the app or get software that would allow them to be compliant? >> most recent study i saw from 2006. technology is solving those problems and we don't think the cost numbers
there is 10,000 different tax enties or and taxing units within this country. how do the small business figure out to comply with a law they might have to send sales tax revenue to chief lapped, cuyahoga county, state of ohio? it sounds incredibly complicated and incredibly expensive for that business? >> that talking point comes out of 1992 supreme court decision points out complexity with dealing with all the different tax jurisdictions. in 20th century there is app for that. we think...
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Apr 22, 2013
04/13
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sales tax jurisdictions across the u.s. you will also be audited by out-of-state tax collectors. that is just wrong and unnecessary for year. speak they really want a level playing field. peter: states say this legislation could help them collect $23 billion a year in additional tax revenue. california alone could pull in an extra $4 billion a year. the fire right now is really over an exemption for small online retailers. ebay, however, is pushing for an exemption of 10 million or 50 employees. lori. lori: both sides make a vital argument. peter: this got a test vote in the senate earlier this year. it got 75 votes on a pretty bipartisan basis. this legislation faces stronger opposition in the house from anti-tax. lori: thank you, peter barnes. melissa: crying wolf. former department of transportation inspector says it is just another example of shoddy management. she joins us ahead. lori: a look at the breakdown. you do have shares in the right here. microsoft and caterpillar leading the dow. we will be back right after t
sales tax jurisdictions across the u.s. you will also be audited by out-of-state tax collectors. that is just wrong and unnecessary for year. speak they really want a level playing field. peter: states say this legislation could help them collect $23 billion a year in additional tax revenue. california alone could pull in an extra $4 billion a year. the fire right now is really over an exemption for small online retailers. ebay, however, is pushing for an exemption of 10 million or 50...
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Apr 17, 2013
04/13
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payroll tax, gas two things affect my wallet. adam: they're looking backwards. you have oil below $88 a barrel. tracy: i haven't felt that. adam: hopefully we'll feel it soon. tracy: we have stocks selling off, down about 19 points. the vix also known as the wall street fear index is soaring. let's head down to nicole petallides on the floor of the exchange. the vix will tell you what will happen 30 days from now, right? it is a gauge of the future. that means we're nervous about the future. >> that's exactly right. what it does it takes into account the volatility and fear in the market over the 30 days ahead for the s&p 500. that's exactly what we're seeing here today. we're seeing it at a level of 1 d. it was up over 24% earlier today. we're certainly seeing the volatility here on wall street. we have really seen that just this week alone. on monday we were down 265 points. yesterday we gained only to pull back again today and take out monday's lows. we're seeing broad based selling across the board. the more economically sensitive sectors are the ones gettin
payroll tax, gas two things affect my wallet. adam: they're looking backwards. you have oil below $88 a barrel. tracy: i haven't felt that. adam: hopefully we'll feel it soon. tracy: we have stocks selling off, down about 19 points. the vix also known as the wall street fear index is soaring. let's head down to nicole petallides on the floor of the exchange. the vix will tell you what will happen 30 days from now, right? it is a gauge of the future. that means we're nervous about the future....
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Apr 16, 2013
04/13
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they are more worried about the impact on the economy and payroll taxes january 1. connell: let's bring just jeff and from raymond james. let's follow up on what peter is reporting on and the financial markets both yesterday and today. even without what happened in boston yesterday was setting up to be a remarkable day. stocks were down. gold was selling off. there were further jitters after what happened in the afternoon, obviously. >> it reminded me very much of the hunt silver corner. when it finally, when the fever finally broke on october 7, excuse me, january 7 of 1980, you had a hard move on silver just like you did on gold on friday. they try to hold the markets together. the margin calls went out. people had to start selling their commodity positions. i do not know if they play that way here or not, but it has had a heart attack on the market and heart attack patients do not get right off the gurney and run a 100-yard. connell: if it bounces back up, is it in your view over at this point and the second part, what, if any, to the impacts of the bombing have?
they are more worried about the impact on the economy and payroll taxes january 1. connell: let's bring just jeff and from raymond james. let's follow up on what peter is reporting on and the financial markets both yesterday and today. even without what happened in boston yesterday was setting up to be a remarkable day. stocks were down. gold was selling off. there were further jitters after what happened in the afternoon, obviously. >> it reminded me very much of the hunt silver corner....
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Apr 24, 2013
04/13
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jimmy fallon, new york loves you so much you get a $20 million tax break. hollywood reporters says the tonight show gets a break when it passes from leno to fallon and taping moves to new york from l.a. in 2014 to help profits down below 40 million a year, down from 150 million a few years ago. cheryl? cheryl: oil is on the rise crossing the $90 mark. sandra smith is in the pits of the cme a watching contracts and more. sandra? >> hey, cheryl. it's been a huge couple weeks for commodities. volatility and volume as well. looking at the crude oil contract, back above $90 a barrel, and the most active front month contracts above $91 a barrel. nearly a $2 gain on the session. there's a couch l things at -- couple things at work. ubs, royal bank of scotland, they are increasing speculation in the marketplace that the european central bank is goong to cut its key interest rate to a record low. you have speculators buying up crude oil based on those reports, but you also got some fundamentals kicking in here. you got a report out from the government this morning s
jimmy fallon, new york loves you so much you get a $20 million tax break. hollywood reporters says the tonight show gets a break when it passes from leno to fallon and taping moves to new york from l.a. in 2014 to help profits down below 40 million a year, down from 150 million a few years ago. cheryl? cheryl: oil is on the rise crossing the $90 mark. sandra smith is in the pits of the cme a watching contracts and more. sandra? >> hey, cheryl. it's been a huge couple weeks for...
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Apr 18, 2013
04/13
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. shoot. now with the share everything plan from verizon, connect your camera, along with your smartphone and tablet. all your devices connected by one simple plan on the powerful network. record video. connect more. so you can do more. the share everything plan from verizon. add additional devices like the samsung galaxy camera for $5 monthly access. melissa
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur you...